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N76 [4]
3 years ago
11

Michele Barbour is considering an additional charitable contribution of $2,650 to a tax-deductible charity, bringing her total i

temized deductions to $18,500. If Michelle is in a 28 percent tax bracket, how much will this $2,650 contribution reduce her taxes
Business
1 answer:
ipn [44]3 years ago
7 0

Answer:

$ 742

Explanation:

Given data:

Charitable contribution = $ 2,650

Total itemized deductions = $ 18,500

Tax bracket Michelle belongs to = 28%

now,

the amount in dollars this $ 2,650 contribution will reduce in taxes will be calculated as:

Amount reduced in taxes = amount of tax deduction × tax bracket

on substituting the respective values, we have

Amount reduced in taxes = $ 2,650 × 28%

or

Amount reduced in taxes = $ 2,650 × 0.28 = $ 742

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George wants to be a registered nurse, so the best course of training is:
noname [10]

If George wants to be a registered nurse, the best course of training is: A. a four-year college degree.

<h3>Who is a registered nurse?</h3>

A registered nurse can be defined as someone who  is qualified  to practice nursing and have been giving the license to practice nurse.

Hence, Option A is correct because to be a registered nurse the person must meet the necessary requirements and one of the requirement that must be meet is to have a  bachelor's degree in nursing or a four-year college degree in  nursing from an accredited university or college.

Learn more about registered nurse here:brainly.com/question/6685374

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7 0
2 years ago
The Global Economic Crisis Mortgage originators issued mortgages to home buyers and sold these mortgages to securitizing firms.
Nastasia [14]

Answer:

The Global Economic Crisis

Factors that led to the Mortgage Crisis include all:

A) Mortgages were accessible for borrowers who did not meet income and minimum down payment requirements. Moreover, the Fed kept interest rates really low to prevent a recession. This led to a decrease in the demand for homes and a further decline in housing prices.

B) The total amount of risk embedded in the securities created by bundling mortgages did not change. The securitization and resecuritization processes led to a distribution of total risk among different types of collateralized securities.

C) Mortgage payments based on short-term interest rates-called adjustable-rate mortgages (ARMs)—were preferred by subprime borrowers.

D) Rating agencies, such as Moody's and Standard & Poor's, earned fees from securitizing agencies for providing ratings for CDOs. The securitizing agencies were looking for higher ratings for their CDOs, and the rating agencies were earning fees. This led to a conflict of interest; thus, ratings did not reflect the true risk involved in the CDOs, which were backed by mortgages.

Explanation:

Hedge funds, banks, and insurance companies helped to cause the subprime mortgage meltdown while regulators looked the other way.  They were given free rein to construct so many complex securities which somehow contributed to the mortgage defaults with financial institutions skimming fees during the securitization processes, and mortgages were made accessible for borrowers who did not meet the income and minimum down payment requirements.

8 0
4 years ago
A cashier at the convenience store ignores a customer who is clearly having trouble serving herself at the refreshment center.
stellarik [79]
This seems a little obvious so the answer is no, doesn’t show good work ethic
7 0
3 years ago
Read 2 more answers
Jackson Manufacturing Company had a beginning inventory of $24,500. During the year, the company recorded inventory purchases of
vampirchik [111]

Answer:

ending finished inventory= $95,500

Explanation:

Giving the following information:

Beginning inventory= $24,500.

Purchases=  $140,000

Cost of goods sold of $69,000

To calculate the ending inventory, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

69,000= 24,500 + 140,000 - ending finished inventory

ending finished inventory= 164,500 - 69,000

ending finished inventory= $95,500

8 0
3 years ago
Isaac Inc. began operations in January 2021. For some property sales, Isaac recognizes income in the period of sale for financia
lesya [120]

Answer:

$109,750,000

Explanation:

Note: <em>Options provided in the question belong to similar question but different numbers</em>

Deferred Tax liability = (Revenue from specific sales in 2021 - Cash received against it up to 2022) * Tax rate

Deferred Tax liability = ($621 million - $61 million - $121 million) * 25%

Deferred Tax liability = $439 million * 25%

Deferred Tax liability = $109,750,000

8 0
3 years ago
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